Benefits of Reverse

 

Here are some Benefits to the Reverse Mortgage:

  • You can pay off your mortgage.
  • You can have tax free income.
  • You will continue to own your home.
  • You or your heirs will keep all remaining equity.
  • You will never make monthly mortgage payments. (You can receive them instead.)
  • There are no up-front fees collected.
  • It won’t affect Social Security or Medicare Benefits.
  • There are no restrictions on how you spend the money.
  • Your cash is distributed to suit your needs and lifestyle.
  • Most loans are government insured.
  • You can repay at anytime with no pre-payment penalty.
  • You will never have to repay more than your home’s value.

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